Max Estates Allots 37,274 Equity Shares Under ESOP Plan 2023, Paid-Up Capital Rises
Max Estates Limited allotted 37,274 equity shares of INR 10/- each under its ESOP Plan 2023 on May 12, 2026, following Nomination and Remuneration Committee approval. The allotment increased the company's paid-up equity share capital from INR 1,63,45,03,520/- to INR 1,63,48,76,260/-. Post-allotment, the total paid-up equity share capital comprises 16,34,87,626 equity shares of INR 10/- each. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
*this image is generated using AI for illustrative purposes only.
Max Estates Limited has allotted 37,274 equity shares under its Employee Stock Option Plan 2023 (ESOP Plan), pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The allotment was approved by the Nomination and Remuneration Committee on May 12, 2026, at 1559 hrs. (IST), and the shares were issued to eligible option holders who exercised their stock options under the plan. Each equity share carries a face value of INR 10/-.
Impact on Paid-Up Share Capital
The allotment has resulted in an increase in the company's paid-up equity share capital. The following table summarises the change in capital structure consequent to this allotment:
| Parameter: | Details |
|---|---|
| Shares Allotted: | 37,274 equity shares |
| Face Value per Share: | INR 10/- |
| Paid-Up Capital (Before Allotment): | INR 1,63,45,03,520/- |
| Paid-Up Capital (After Allotment): | INR 1,63,48,76,260/- |
| Total Equity Shares (Post-Allotment): | 16,34,87,626 shares of INR 10/- each |
| Date of Allotment: | May 12, 2026 |
Regulatory Disclosure
The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to both BSE Limited and the National Stock Exchange of India Limited. The intimation was signed by Abhishek Mishra, Company Secretary & Compliance Officer of Max Estates Limited. The company's registered office is located at Max House 1, Dr. Jha Marg, Okhla Phase 3, New Delhi – 110020, and its corporate office is situated at Max Towers, Sector-16B, Noida – 201301, Uttar Pradesh.
Historical Stock Returns for Max Estates
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.82% | -2.89% | +4.31% | -16.74% | -4.74% | +39.04% |
How might the continued dilution from Max Estates' ESOP Plan 2023 impact earnings per share and shareholder value over the next few quarters?
What is the total pool size remaining under Max Estates' ESOP Plan 2023, and how many additional shares could be allotted in future tranches?
How does Max Estates' employee stock option activity compare to peers in the Indian real estate sector, and what does it signal about talent retention strategies?
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